The Commonwealth Auditor-General is planning to review federal funding for what has become a very controversial road project, WestConnex in Sydney.
The multi-billion dollar project will widen and extend the M4 and M5 motorways and link them via the Haberfield and St Peters tunnels in Sydney’s inner west.
Originally the price tag for construction was $11billion under 2012 estimates but by 2015 the price tag ballooned to$16.8 billion to fast-track the project, with significant enhancements added.
The federal government has pledged $3.5billion in funding including a $2 billion concessional loan. The state government has promised up to $1.8billion towards the project.
An audit was requested by Transport Minister Anthony Albanese which was confirmed by Acting Auditor-General Rona Mellor in letter to the minister. Find out more: https://sourceable.net/nsw-auditor-general-to-review-syd-westconnex/